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Simple Things to do to Boost Your Real Estate Income - Part 1 - 01/15/09 07:06 PM
OK, 5 days…5 simple ideas on how to boost your real estate income. Most of these can be transposed to work for nearly any business, especially any service business. But since I work in majority with real estate professionals…here you go. All comments and suggestions, rebuttals and refutations are welcome
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Related posts:
Getting Started in Real Estate I get a lot of questions from people considering... Real Estate Has Been Commoditized…Whatchya Gonna Do About It? Many of the people in my network are Realtors, as... A Couple Reasons Why I Love … (2 comments)
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Question: Will Uncle Sam Impose Rent Controls? - 01/15/09 07:04 PM
Just a quick question…in tough economic times, governments often resort to price controls. Nixon did this of course. They cap prices on things like bread and such. During times of massive inflation, as we are in today, governments have been known to cap the rent you can charge to tenants as well. How do you think this would affect real estate values? As our recession progresses, is there any reason to expect caps on real estate rents? Please share your thoughts…
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Related posts:
Should You Buy or Sell Real Estate? Since we’ve … (2 comments)
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Uncle Sam Recommends Drinking to Avoid a Financial Hangover - 01/11/09 05:04 PM
As you know I talk with a lot of investors, brokers and others involved with business and real estate. It’s no news there’s a recession. I’m writing a quick post right now because I’m motivated to challenge people to look a little deeper into WHY we’re in a downturn. First, downturns are normal. They’re healthy. We shouldn’t be looking at a recession as something to be avoided like the plague!
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Why Failure Rocks - 01/09/09 12:24 PM
Look, failure is part of life! Yeah, like you haven’t heard that one before, right? Yet look around, and you’ll see we avoid it like the plague. We’re not in a the kind of market where playing it safe is going to keep you safe. I’ll go one step further…fear of failure just may be what causes your business to go under in the next few years. We need to embrace risk, we need to embrace fear, and we need to accept the possibility of failure. I’d submit that fear of failure is one of the top reasons most people don’t … (2 comments)
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Is Now the Time to Buy? - 01/07/09 11:57 AM
This is a follow up to my last post...
Will buying now make you a millionaire? Have we seen "the bottom"? I don't pretend to know exactly what will happen in the next 5 years. There was a rally on the dollar and downward pressure on gold as recently as Obama's last talk on his new "stimulus" deal. So yes, there will surely continue to be ups and downs, as is always the case. But the general trend is toward the downside. And I don't think that trend is doing anything but picking up steam right now. I'll stick my neck … (9 comments)
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The Market Ain't "Coming Back" - 01/06/09 10:15 PM
I would encourage all Realtors to not be waiting for the market to "come back around". Cuz it's not gonna. The boom we just experienced was the *problem*...this recession is the cure. We need this. We've been coasting on artificially low rates, easy money and bad lending practices. That's not normal...or healthy. Additionally, it's proven itself unsustainable. Those of us wanting things to "go back to normal" or who are watching for the market to "come back" will be waiting forever. Sorry...Obama's inflationary "stimulus package" is not going to help. It's going to make things worse. Now is the time to … (10 comments)
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Are You Killing Your Own Success, On Purpose? - 01/06/09 06:16 PM
Why is success so scary? This question has been coming up a lot lately for me. Why do we tend to quit right before we win? Why do we think small? Mere complacency can be a factor. Sometimes it’s the reason altogether. But there are other self-sabotaging elements that can cause this. A colleague of mine referred to this recently as “success suicide”. People will literally work their tail off and get right up to the door of meeting their goals, and then something will happen. I’ve seen people get sick (actual, physical illness), all of a sudden just stop showing … (7 comments)
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Real Estate Has Been Commoditized…Whatchya Gonna Do About It? - 01/03/09 04:09 PM
Many of the people in my network are Realtors, as am I. So this blog is naturally going to be at least 50% real estate-related. That said, I think what’s happening in real estate to be a good benchmark and applicable to many other industries. We’re going through a time of grandiose, wide-sweeping change. It’s a good thing, but it’s not good like a gentle sea breeze where you can just sit back and breathe it in. It’s good like a forest fire. Healthy in the long view, but right now it’s time to be on the move. If you sit … (0 comments)
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Keeping the Faith…Loving America - 01/03/09 04:05 PM
For all my bitching, you may think I hate being here or find there to be no opportunity…all gloom and doom. That couldn’t be further than the truth. America is replete with opportunity! Our wealth is gone, and we’re moving into unfamiliar territory, territory which few of us are prepared to navigate, but what does this all mean?
First, to put things into perspective, one of my favorite bloggers Andrew Galasetti of Lyved wrote this great article about how awesome it is here (or rather how bad it is in other places) and what we can all do to help. Let’s … (0 comments)
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A Couple Reasons Why I Love the Real Estate Business - 01/03/09 04:02 PM
I just want to be clear. This is not a real estate blog. I write about real estate here for the simple reason that I’m in the business. Many of my friends and acquaintances are in real estate. This leads me to mention it often. One of the reasons I love the real estate business is because it touches so many things…finance, the economy, jobs, construction, sales, marketing and so much more. I earnestly believe any content I provide here can be applied to any endeavor.
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Real Estate Brainstorming Sessions Rock - 01/03/09 04:01 PM
I just got back from Columbus, OH for a brainstorming session with some top real estate brokers. Thanks for having me along Cathy! I had a great time, met some awesome people and learned a lot. Real Pro Systems hosted the event; it is a company that provides web sites and related services to real estate professionals. People in attendance all contributed amazing ideas and insights. For any Realtor looking for a professional web strategy, I am completely comfortable recommending you take a look at these guys. The owners are Joe Lininger and Caine O’Brien. Other real estate professionals in attendance … (0 comments)
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Getting Started in Real Estate - 01/03/09 03:59 PM
I get a lot of questions from people considering the real estate business, and it’s occurred to me lately that this is exactly the kind of reason I want to have my own site. I’m going to write a post on it and refer people here. Surely I’ll need to update my thoughts on this from time to time, but I want to get this post up now, because lot of people are thinking about getting into real estate these days. It’s kind of interesting, because there are a lot of people getting OUT of real estate these days as well. … (0 comments)
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Is it Time to Buy a House? It Depends on What Kind You’re Talking About. - 01/03/09 03:56 PM
This article just came across Speaking of Real Estate, which is a blog I read frequently. I like how the author takes the time to mention that each market is different. Too many blanket comments get made about real estate these days. In some markets, as I mentioned before, I really think we’re going to see drawn out and significant price drops for the next several years. In the many towns in the Midwest, though, the story is a bit different. Look to buy real estate these days…many great deals for investment property are available. But look in areas where there … (0 comments)
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Short Sales…How Far Will Home Prices Go? - 01/03/09 03:54 PM
All over the US, we’re seeing a massive number of short sales…people selling their homes short of what they owe. What are your perceptions of this? How does it affect your business? Obviously it affects me directly, because I sell real estate. Talking with home owners has taken on a completely different tone lately. In other words, fewer positive upbeat conversations and more talks containing the question “How am I going to get out of this?” I’m finding that lenders are now much more likely to work with home owners…you CAN get out of this. There are procedures, believe me…and paperwork. … (0 comments)
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Real Estate Marketing is Changing - 01/03/09 03:48 PM
This is a great article on real estate marketing. Check it out. The pic below is originally from Real Estate Bloggers, which is a blog I subscribe to and read regularly. Great place to visit if you’re into real estate. I’ve found it interesting to see that the changes my real estate team are common place across the land.
Bottom line: re brokers are cutting back on basically all traditional media. Newspaper ads, TV and especially direct mail. Blogging, online marketing and email are on the upswing big time.
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Real Estate Bottom…Who’s Calling It? - 01/03/09 03:46 PM
Everyone seems to have an opinion of when re will bottom. It seems to me that real estate will reach a bottom when credit frees up a bit. That’s going to happen after our economy has recessed a bit, we’ve saved some money and built some of our wealth back. Right now the American consumer is $10T in the hole. I don’t know…how long do YOU think it’s going to take?
To view the blog where I originally posted this, click here...
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Should You Buy or Sell Real Estate? - 01/03/09 03:43 PM
Since we’ve devalued our currency by at least 7% this past year, doesn’t it mean you can tack on another 7% to losses in home and stock values?
Since more bailouts are expected, you can expect the value of your home to drop considerably, even though the price may stay the same.
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